Aug 10, 2018 - Energy & Environment

Report: Musk seeks backers for Tesla takeover

Illustration: Sarah Grillo/Axios

Elon Musk is "seeking a wide pool of investors to back a potential take-private" of Tesla, according to Bloomberg.

Why it matters: This will only increase skepticism that Musk was being truthful when he tweeted "funding secured" on Tuesday, a claim that reportedly is being investigated by financial securities regulators.

Go deeper: Pro Rata podcast on Musk and Tesla.

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